Tesco PLC (TSCO) Given “Hold” Rating at Shore Capital

Shore Capital reissued their hold rating on shares of Tesco PLC (LON:TSCO) in a research note published on Wednesday morning.

A number of other research analysts have also commented on TSCO. Bryan, Garnier & Co reiterated a sell rating and issued a GBX 170 ($2.15) price objective on shares of Tesco PLC in a research report on Wednesday. HSBC Holdings plc reiterated a buy rating and issued a GBX 260 ($3.29) price objective on shares of Tesco PLC in a research report on Wednesday. Deutsche Bank AG reiterated a buy rating and issued a GBX 240 ($3.04) price objective on shares of Tesco PLC in a research report on Tuesday. Kepler Capital Markets decreased their price objective on Tesco PLC from GBX 205 ($2.59) to GBX 189 ($2.39) and set a hold rating on the stock in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reiterated a hold rating and issued a GBX 180 ($2.28) price objective on shares of Tesco PLC in a research report on Tuesday, May 30th. Seven analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Tesco PLC currently has an average rating of Hold and a consensus target price of GBX 194.44 ($2.46).

Tesco PLC (LON:TSCO) traded down 3.36% on Wednesday, reaching GBX 179.65. The company had a trading volume of 22,972,135 shares. The stock’s market cap is GBX 14.65 billion. Tesco PLC has a one year low of GBX 143.08 and a one year high of GBX 219.40. The company has a 50-day moving average of GBX 182.02 and a 200 day moving average of GBX 192.50.

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In other Tesco PLC news, insider John Allan purchased 20,000 shares of Tesco PLC stock in a transaction that occurred on Wednesday, April 12th. The stock was acquired at an average price of GBX 186 ($2.35) per share, for a total transaction of £37,200 ($47,058.82). Also, insider Steve Golsby purchased 42,296 shares of Tesco PLC stock in a transaction that occurred on Monday, April 24th. The shares were acquired at an average price of GBX 176 ($2.23) per share, with a total value of £74,440.96 ($94,169.46). In the last ninety days, insiders purchased 62,524 shares of company stock worth $11,205,544.

Tesco PLC Company Profile

Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:TSCO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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